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Article: Bahrain: Batelco 9M net profit up 1.5%.(Financial report)
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: pinto03
Bahrain Telecom (Batelco) has reported a consolidated net profit for the first nine months of 2009 of BHD79.5 million (USD210.9 million), up by 1.5% year-on-year, on turnover that climbed 4.4% to BHD256.2 million. January-September operating profit grew by 15% to BHD83.4 million, whilst the EBITDA margin for the period was 44.6%.
Approximately 30% of group revenues were from overseas operations, whilst 19% of operating profit was generated outside Bahrain. The group s 96% owned unit in Jordan, Umniah, continued to exceed targets and increased its mobile customer base to approximately 1.6 million by end-September 2009.
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